Several weeks on, the contracting and freelancing sector has had time to digest George Osborne’s ‘emergency’ summer Budget. In case you missed it, the chancellor had several nasty surprises up his sleeve on 8th July as he delivered the first all-Conservative Budget since November 1996. In what was described by industry commentators as a four-pronged attack on limited company contractors, the MP for Tatton announced that:
- A new tax on dividends would be introduced, with a view to tackling “tax-motivated incorporation”
